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Assets

STLA

Stellantis NV (NYSE:STLA) has announced it will resume construction at its $3.76 billion battery plant in Windsor, Canada, ending a dispute with the Canadian government over financial support. The plant, which was put on hold in May, is expected to have an annual production capacity of over 45 GWh and is set to launch operations in 2024. The exact amount of government subsidies the plant will receive is not yet clear.

Portfolio Pulse from Anan Ashraf

July 06, 2023 | 4:49 am

BLK

BTCUSD

Larry Fink, CEO of BlackRock Inc, has expressed support for cryptocurrencies, particularly Bitcoin, which he described as an 'international asset'. He suggested that Bitcoin could serve as a hedge against inflation or currency devaluation. BlackRock is currently seeking approval to list a spot Bitcoin ETF, with Coinbase as a surveillance partner. However, the SEC's approval is uncertain given its history of rejecting such applications.

Portfolio Pulse from Mehab Qureshi

July 06, 2023 | 3:31 am

ARKW

TSLA

Ark Invest, managed by Cathie Wood, has continued to sell Tesla shares through its Ark Next Generation Internet ETF (ARKW), despite the stock's upward trajectory. The firm sold 28,267 shares of Tesla, fetching $7.99 million. However, Ark's ETFs have been a net buyer of Tesla this year. Tesla recently reported strong Q2 deliveries and analysts are optimistic about the upcoming launch of the Cybertruck.

Portfolio Pulse from Shanthi Rexaline

July 06, 2023 | 2:13 am

ATOMUSD

ETHUSD

Decentralized exchange dYdX is migrating from its Ethereum-based platform to Cosmos, with a public testnet now launched. The testnet will initially feature Bitcoin and Ethereum markets, with plans to expand to over 30 markets. The existing Ethereum-based platform has recorded over $728 million in trading volume in the last 24 hours. The platform's governance token, DYDX, has risen by 23% over the past two weeks. The main network on Cosmos is expected to launch later this year.

Portfolio Pulse from Murtuza Merchant

July 05, 2023 | 9:21 pm

SVM

Silvercorp Metals Inc. (TSX:SVM) (NYSE:SVM) has reported high-grade silver-lead intercepts from its ongoing diamond drilling program at the SGX mine in the Ying Mining District, China. From January 1, 2022, to June 15, 2023, a total of 88,194 m in 488 diamond drill holes were completed at the SGX mine. Assay results for 483 holes have been received, with 280 holes intercepting mineralization.

Portfolio Pulse from Charles Gross

July 05, 2023 | 9:10 pm

AMAT

A significant bearish stance has been taken on Applied Mat (NASDAQ:AMAT) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 23% bullish and 76% bearish. The whales have been targeting a price range from $80.0 to $155.0 for Applied Mat over the last 3 months. Currently, the price of AMAT is down -2.21% at $142.26.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 8:46 pm

USO

The American Petroleum Institute (API) reported a draw of 4.382 million barrels in the weekly crude oil stock.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 8:36 pm

FSTR

L.B. Foster Company (NASDAQ:FSTR) has announced the sale of its prestressed concrete railroad tie business to voestalpine Railway Systems Nortrak, LLC. The transaction, which includes all owned inventory and related fixed assets, is expected to generate approximately $3 million in cash proceeds. The sale does not materially impact the company's 2023 financial guidance, with net sales expected to range between $520 million and $550 million.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 8:33 pm

ETON

Eton Pharmaceuticals has terminated its asset purchase deal with Wellstat Therapeutics Corporation and Wellstat Biologics Corporation. The terms of the termination were not disclosed.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 8:19 pm

PANW

A significant number of investors have taken a bearish stance on Palo Alto Networks (NASDAQ:PANW), with 51% of trades being bearish and 48% bullish. The targeted price range for the company over the last three months has been $195.0 to $306.67. The current price of PANW is up 1.27% at $257.88. Several financial institutions have maintained their positive ratings on Palo Alto Networks, with price targets ranging from $230 to $307.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 8:16 pm